Which of the Following Is the Last Step Taken by Fraud

question 27

Multiple Choice

Which of the following is the last step taken by fraud examiners during an examination of a business when looking for e-business fraud?

• A) Investigate all symptoms of e-fraud found
• B) Use information systems to highlight possible fraud activity
• C) Analyze the results of database searches
• D) Determine if the activity noted is an anomaly or usual business activity

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Definitions:

Amortization Schedule

An amortization schedule is a table detailing each periodic payment on an amortizing loan, illustrating how the principal amount is reduced over time.

Effective Rate

The actual interest rate an individual pays on a loan or earns on an investment, accounting for compounding.

Monthly Rate

The interest or return generated by an investment or loan over a one-month period, often annualized for comparison purposes.

Loan Payment Schedule

A detailed plan showing the amount and timing of payments required to repay a loan, including both principal and interest components.